Mumbai:
Rates of precious metals in futures surged on Wednesday, May 13, 2026, after the government hiked import duties on gold and silver to 15 per cent from 6 per cent amid a rising import bill due to the West Asia crisis. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,409 or 0.91 per cent at Rs 1,54,851 per 10 grams against the previous close of Rs 1,53,442. It continued the upward trend, touching an intraday high of Rs 1,64,497, a jump of Rs 11,055 or 7.20 per cent. Last seen, it was trading at Rs 1,62,700, up Rs 9,258 or 6.03 per cent.
On the MCX, the yellow metal futures for August 2026 were up by Rs 9,258 or 6.03 per cent to trade at Rs 1,62,700 per 10 grams in business turnover of 5,320 lots.
